In futures trade at the Multi Commodity Exchange, gold for delivery in December shed Rs 17, or 0.06 per cent, at Rs 29,605 per 10 grams in a business turnover of 250 lots.
Similarly, metal for delivery in February eased Rs 15, or 0.05 per cent, to Rs 29,748 per 10 grams in a modest volume of just six lots.
Analysts attributed the fall in gold futures to profit-booking by traders at the existing level, but a firm trend in the global market restricted the fall.